NOT LISTED FOR SALE

368 College St Lewiston, ME 04240

Estimated Value: $318,730

3 Beds
2 Baths
2,509 Sq Ft
$127/Sq Ft Est. Value

Last Sold October 14, 2022

Last sale price $260,000 $104 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $1,994/month

Highlights

  • No HOA
  • Level Lot
  • Community Storage Space
  • Baseboard Heating

About This Home

As of October 2022

Great investment opportunity! The features of this spacious 2 unit include 3 bedrooms and 1 bathroom on the first floor unit and 4 bedrooms and 1 bathroom on the second floor unit. The property is located just minutes away from the amenities of town and in walking distance to Bates College.

Last Agent to Sell the Property

Bill Bergeron

Fontaine Family-The Real Estate Leader Listed on: 07/18/2022

Last Buyer's Agent

Luke Kelleher

Fontaine Family-The Real Estate Leader

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,434

Year Built

  • Built in 1891

Lot Details

  • 0.35 Acre Lot
  • Level Lot
  • Open Lot

Home Design

  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Aluminum Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 2,509 Sq Ft Home
  • Multi-Level Property
  • Laminate Flooring

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • Driveway
  • Paved Parking

Location

  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number LEWI-000172-000000-000003

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $12,125
  • Gross Income $32,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,434

Year Built

Built in 1891

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.35
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From Russell St. turn left onto College St. the property will be on the left.
  • Above Grade Finished Sq Ft: 2509.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Year Built: 1891
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.35
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2509.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Storage: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 2
  • Income Expenses Gross Income: 32400.0
  • Income Expenses Operating Expenses: 12125.0
  • Style:Multi-Level: Yes
  • Exterior:Aluminum Siding: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Flooring: Laminate
  • Interior Amenities: Storage
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Intown, Near Shopping, Near Turnpike/Interstate, Neighborhood
  • Waterfront: No
  • Construction Type: Aluminum Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Paved

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 15246.0
  • Parcel #: LEWI-000172-000000-000003
  • Zoning: NCA

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 32400.0
  • Annual Operating Expense: 12125.0

Tax Info

  • Tax Annual Amount: 3434.0
  • Tax Book Number: 9691
  • Tax Lot: 3
  • Tax Map Number: 172
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2022
Closed on
Oct 14, 2022
Sold by
Connor Realty Llc
Bought by
Support Solutions Inc
Seller's Agent
Bill Bergeron
Fontaine Family-The Real Estate Leader
Buyer's Agent
Luke Kelleher
Fontaine Family-The Real Estate Leader
List Price
$260,000
Sold Price
$260,000
Current Estimated Value
$318,730

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,730
Avg. Annual Appreciation
12.07%
Original Mortgage
$208,000
Outstanding Balance
$201,404
Interest Rate
5.66%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$162,911

Purchase Details

Closed on
Mar 3, 2008
Sold by
Long David T
Bought by
Kjm Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,000
Interest Rate
6.2%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Support Solutions Inc $260,000 None Available
Support Solutions Inc $260,000 None Available
Kjm Llc -- --
Kjm Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Support Solutions Inc $208,000
Closed Support Solutions Inc $208,000
Previous Owner Kjm Llc $132,000
Previous Owner Kjm Llc $159,000
Previous Owner Kjm Llc $159,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/14/2022 10/14/22 Sold $260,000 0.0% $104 / Sq Ft
07/18/2022 07/18/22 Pending -- -- --
07/18/2022 07/18/22 For Sale $260,000 -- $104 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,645 $130,500 $24,120 $106,380
2023 $3,645 $121,500 $24,120 $97,380
2022 $3,463 $121,500 $24,120 $97,380
2021 $3,434 $121,500 $24,120 $97,380
2020 $3,483 $121,500 $24,120 $97,380
2019 $3,219 $111,360 $24,120 $87,240
2018 $3,193 $111,360 $24,120 $87,240
2017 $3,120 $111,360 $24,120 $87,240
2016 $3,067 $111,360 $24,120 $87,240
2015 $3,048 $111,360 $24,120 $87,240
2014 $2,961 $111,360 $24,120 $87,240
2013 $2,944 $111,360 $24,120 $87,240
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1536780

Maine Listings

APN: LEWI-000172-000000-000003